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18 July 2025 by Georgie Preston

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Platinum secures $1.2 billion in inflows

  •  
By Christine St Anne
  •  
2 minute read

Platinum Asset Management has secured $1.2 billion in inflows.

Listed investment firm Platinum Asset Management has reported $1.2 billion in institutional inflows for the 2010 financial year.

The bulk of the inflows were into the fund's flagship international equities fund.

In July, the fund secured a $450 million mandate from a United States pension fund.

While the bulk of the inflows were from Australian superannuation funds, the fund is also available on a number of retail platforms, including MLC's platform.

 
 

"The company has performed reasonably, given the prevailing investment market uncertainty and weakness of the global economy," Platinum Asset Management chair Michael Cole said.

The listed investment firm also reported a net profit after tax for 2009/10 of $136.9 million, an increase of 8.5 per cent on 2008/09.

The firm also reported a rise in funds under management of $4.4 billion to $18.4 billion. This was up 31.5 per cent on the previous financial year.

"The increase in funds under management compromises net inflows of $2.5 billion and investment performance of $1.9 billion," Coleman said.